Description

Built in 2021, 426 N Alexandria Ave is a brand new construction affordable multifamily apartment building located in the vibrant culture of Hollywood and Koreatown.  The property is comprised of 8 furnished, 5 bedroom and 5 bathroom suites designed for comfort, convenience, and community.  The property features a total of 40 private suites most with en-suite bathrooms.  The building has 15 subterranean parking spaces (7 standard, 7 compact, and 1 disabled).  Each unit comes with washers and dryers, stainless steel appliances, European designed cabinetry, balconies, reserved parking, mobile-friendly thermostats, and central AC. The entire building can be delivered vacant and all suites can be leased to one master tenant.  All utilities are included along with WI-FI and high-speed internet. The building features full-circle views of Los Angeles and is walking distance to the Metro, local restaurants, shopping, grocery stores and pharmacies. 

Property Features:

Purchase Price: $10,225,000
Price Per Suite: $255,625
Price Per Sq.Ft.: $611.18
Number of Suites: 40
Proforma Cap Rate: 5.11%
Number of 5 Bed/5 Bath Suites: 5
Building Size: ±16,730 Sq. Ft.
Land Area: ±7,474 Sq. Ft.
Gross Income: $750,816/year
Effective Gross Income: $794,943
NOI: $522,862
Zoning: R3-1
GRM: 12.91
Parking: 15 Spaces
Year Built: 2021

Property Highlights: 

  • The entire building can be delivered vacant and all suites can be leased to one master tenant.
  • 40 fully furnished suites with private bathrooms and natural light
  • Controlled Access 
  • Pet-friendly communities 
  • 15 parking spaces in a gated and subterranean garage 
  • Community rooftop sky deck with BBQ grill station, picnic tables, and parasols 
  • Central A/C & smart thermostats
  • Quartz countertops 
  • Two-tone cabinetry 
  • Stainless steel appliances: range, oven, microwave, refrigerator, freezer, dishwasher 
  • Washer/Dryer in units 
  • High speed internet 
  • Private suites equipped with: Queen size bed, a floor length mirror, a bedside table and lamp, and a desk with a chair. 

16730
Area Sq-ft

Property ID

426 Alexandria Avenue, Los Angeles, CA

Property Type

Multifamily

Area

16730 Sq-ft

Built in

2021

Status

For Lease

Additional Features

N

los ángeles investment opportunity

N

los ángeles multifamily for lease

N

los angeles multifamily for sale

N

maher commercial realty

N

multi-family income property

N

multifamily for lease

N

multifamily for sale


Agents

Oron Maher

Oron Maher

Director Broker

  • (310) 464-1453
  • Oron@MaherCR.com
  • MaherCR.com
Edmund Ha

Edmund Ha

Managing Director

  • 310-567-0077
  • Edmund@MaherCR.com
  • MaherCR.com

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